The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1887-11-22
RESOIUTTONS,

/ provided for in the Appropriation bill
/ Of 1886 for the district of North Kona,
I Hawaii, have not been built. Carried.
QUESTIONS ASKED MINISTER'S.
. Noble Townsend asked the following
of the Minister of Interior:
K l. What Government lands in Homo
Z lulu are now under lease: ut what
I rental Is each piece held, and who is
I the holder of each lease
> How are such rents paid-in all
7 vance or otherwise?
5. To what date i each rental paid9
1. What sum, if any, is now due the
+ Government on account of such rents?
JUDICIAL OPINION on THE BONDS.
The President reported that he had a
document ON his table, the answers of
I the Judiciary on the questions submit
ted 70 him relative 10 the Loan Acts Of
September and October, 1886,
DEPARTMENT OF JCDGCIARx.
HoSoLCLU, November Is, 1887.
Hon. Samuel c. Wilder, President of the
Legislature OF tn waiiau Kingdom
SjE-lh he Jasleas Of the Supreme Court
have had the honor 70 receive commQ-
nlc2tiOD from yoC. dated the 18th instant, in
which the opinion Ot the Justices IS asked by
the Legislature on certain questions wSich
Sppe2r II The r5Fa-t u 6 salzc. committee *
the HO1Ss 90 Eh1m vsE i bill /.
amend ths Loan Act Of 1886.
The first question submitted Is. CuEar the
Acts OF 1850. vlsgs would slcd bonds be
paydblss
There wsrs two Acts pssszd by the Lezis
latUEs OF 1856 relative 10 & national loan
Tbs n-ss was approved on the l.. 81 sept
smosr. 1856, vbicl for convenience n the
discussion Ee viii call the First Act ans
the Secoud whiel was Gmsudatory Of the first.
vas approved on the 18th of October, 1856
We EIil call this The Second Act.
Section Q OF the First Act authorizes the
Minister or Finance TO make such proper
arrangements ds UIu enable the holders %
such boads to receive Inc interest due on the
sane sjthsr L. HolClcig o. IN tGe city Of san
Francisco or II such financial centre as he
may deem a5viSa bic
We consider that this Is q provision fer the
rsUi5tancs & Interest and that It cannot be
extended beyuDd what Is plainly expressed.
u does not provide for the payment
OF the bonds st any place. No place
being mentioned n ths Act Tor tbsiE
payment. II must be taken that they aEs p.y-
aole Il tns Treasury IN Honolulu. whence they
ars Issued
The sscozd question Is: as Section ; O.
shs Lam Act. dated September ISt. 1856, II
f1-cs.
We answer: IEIs ssctI11 Is not repealed
IL terms b. shs Sse1nd Ac5, nor can Va hld
sElythlug th2t rerezls Il b Implication.
Ike First Aet authorized the loan and tine
I>s1e OF bonds tie Second Act amended
SsctIllS = sand I OF the EITst Acs and Il
left the remaining Sections, I. >, 8 and OF
this set unt61e1ed- Section > Is therefore
II foEes. ana Is the only authority fOE the
pETEeDt Of any commissions Or expenses out
OF ths aTaIIS OF tire lJan-
Tie tdird question: IF said Section ) Is II
force, does the same excIuds payulsHt Of any
expenses for floating the loan. etc, other
than tEs ) per cent commissI01s
We answer: The tsTus Of Section ) aa-
th5rLzs- first. the payment Of the commission
allowed By Section J. EhIS must be c0lSId-
esd HOW 70 refer 70 Section 3 as amended.
This SLOWS 3 commission which Is not to 81
eeed i've per cent u ths psrs0n or syndicate
negotiating tbs sale OF the first half OF the
sold At net less than 96 per cant Of par vaIas,
zEE Likewise = Commission nos 10 exceed i've
per cant for negotiating the remaining Is
sizes
Section also authorizes the payment OF
s1cC expenses Is may Be incurred for pEslD1I-
FEy sfsb 5Ca8s aH5- c5REgHs- he plain IN
tz1iue1s OF these 10Eds cannot BE extended
II u=zu the payment OF charges IN the Ia
tCrs Of advertisement, brokerage guarantee,
English stamp dEtlzs- etc Such NE being
expenses for pal per- eugE0ssIlg and printing
of bo1t= and cJCpous-
II the financial age1ts employed bF the
GoFzrunsaE have Incurred Other expenses
Zhieu ara d=eued reasonable and Necessary
~ sEs LEgIslzsErsr tlsT sEO1ld Be paid from
szeh appropriation Is tE= Legislature may
make. bat IS the sp10i1tEns1t Of LEIs agency
L outside tEs Acs- the eLpen=sS thus IncuE-
red srs UoS payable glE Of the aTs1ls OF the
I5zE-
Question E-Iz any case. Is the item Of
SLlbGGQ- II Sseti81 3 Of tEs smsud=d act. n
tEadzd u Be n addition 10 sch pr cant
cJEE1zszC1
We suzzsr: Tie ten Of SIlG.GCd sppz0-
pEIzssd f1z eTls1ss Of floating l9sus ETC.
caEE5E C IuEelGsd u u5 II zddItlOu 70 tie
EeE Ce1t- cgzuissI5ls first, beea1ss thzt
tEsEs X Ii pr1FIs1Gl el=sEns-5 f1E tEz pay
EeEE u tia ; per cslE-- secondly. because
tEs phrase Negotiating tAs sale q tls
50Z6S cs1uJt be considered 3 anything b7t
. 50zrI1G I5z1-
What : ths . peg csuE given FOX b1E for
E=z1tIztTEg. L = floating EEs i0z1s and tEzt
: what tia SIL0ll0 Is spFs5pEIztsd fOFs and
tEsr6 : II 0EEsE sEpEop-Ist1o1 I0r anything
=lse # ths ike nature tEs balance OF the
s, co go bang specifically appropriated for
OsEsr 0b7zets-
TEs sI60la0 Is evi5znsly Al estimated
EEr far n the first Act II Ezs pgzt a. so go,
u-zsznz5IF beeszse ID eo1nI==iOE Ess 10
u allowed y tts 4eE foE bozds sid II this
EIng1oz-
1l0.soTsx, TIE ecEznzsssfo1 bslng fIad At
nzEIEz1 u per csut-s /. Vzz contemplated
sEss tEs b1sI1sss ,E-iZzE Be dOzs far lOSer
rate
Qzeztiga - Is a1y ezgzgsnelt f0z bands
payable L steElIng m0leg TziId Enoer said
Losz Acss q 1876
We znEsE. Tie ba1ds E1st coaform 70
tEe teruz q tie Ac1z- TIE EEoEs seops and
IzEszE of t1s@ = f0E bozds 20 b issEsd b
tie Hawaiian GoFzrnEzat for certain s11a.
u 7=It- tzO zIlIB0l dollars II Z G gid c0Ils
q ISE equivalent n Determinations q ECt
lsss than SIl0. Tie scGs1zis Of ths objects
70 EEEeE y : u b applied i expzsssad n
GClLsEs. Is s. uCEGsre pzgTI1sd n the LII
tEzs tits L 10 b k1Su designated foE tie
EzsE=k EoEsF E1zrksss zE1 70 y co1TeEted
~ tie 4izlstsr q FI1zzcs i1to bonds u
EEIeh tie pzI1eLEzl and cO1poas sEs 20 b
psgzolS Z stsEiIEg nGlsF> IES bonds zEs
20 5e EzEszzd ~ thE Minister of Finance to
- sod II tns EIzE1o1, q slyEEsrS else II
tie void 80 aEGSTsT EzST dsszHs % invest
EoEsy II =Ec1 see1IzEF. IEs holds Izszzs1
rlrs1<r FfEz- Lex e>PSsTrTv Il I'll II